Price Targets: Developments for STMicro, Capgemini, L'Oréal...
Oddo BHF releases a series of target upgrades on several French and European stocks. STMicroelectronics and LDC see multiple upward revisions, while Deutsche Bank downgrades its recommendation on Heineken.
Above Their Target:
Above their target: 2 values · Covered values: 62
Values above their target: BE SEMICONDUCTOR (-3.0%) · NN GROUP (-2.5%)
Largest gaps between target / price:
CSG — target 31.75 euros — gap target / price: +79.9%
ESSILORLUXOTTICA — target 300.00 euros — gap target / price: +71.8%
PROSUS — target 66.00 euros — gap target / price: +69.3%
EXOR NV — target 109.00 euros — gap target / price: +63.7%
WOLTERS KLUWER — target 100.00 euros — gap target / price: +63.6%
STMicroelectronics: double target increase. Morgan Stanley (maintained overweight) moves from 46 to 74 euros; Jefferies (confirmed buy) does the same, from 52 to 74 euros. An analyst had already raised their target on May 26.
LDC sees three brokers raise their targets: Oddo BHF from 116 to 150.65 euros (maintained outperform), TP Icap Midcap from 122 to 131 euros (buy), Portzamparc from 126 to 142 euros (buy).
From 85 to 144.86 euros at Soitec: Oddo BHF (maintained outperform) significantly adjusts its target. An analyst had already made an increase on May 19.
Capgemini: Oddo BHF raises its recommendation to outperform, target moved from 143 to 165.72 euros; Invest Securities (buy) slightly lowers from 200 to 198 euros. An analyst had lowered their target on May 20. Median of targets: 146.50 euros — gap targets / price: +45.55%.
Berenberg propels the target for L'Oréal from 374 to 435 euros (buy). An analyst had already raised their target on May 26. The median consensus stands at 415 euros, gap targets / price: +7.55%.
Publicis Groupe: Rothschild & Co Redburn initiates coverage with a buy, target 110 euros. 2 analysts had raised their targets on May 19. Median at 109.50 euros — gap targets / price: +31.71%.
Heineken undergoes a downgrade: Deutsche Bank moves from buy to hold, target reduced from 93 to 76 euros. Median of targets: 86 euros, gap targets / price: +21.09%.
At Vicat, Citi (neutral) lowers the target from 72 to 65 euros.
Elior Group: Goldman Sachs (maintained neutral) cuts its target from 2.95 to 2 euros. 6 analysts had lowered their targets in the last 10 days, the last movement on May 27.
Morgan Stanley (overweight) slightly lowers the target for Airbus, from 230 to 227 euros.
ABN Amro Bank: Alphavalue makes a significant shift, moving from sell to accumulate, target jumped from 27.40 to 38.40 euros. An analyst had already raised their target on May 18. Median: 36 euros, gap targets / price: +6.76%.
Oddo BHF also raises the targets for Eramet (neutral, from 61 to 73 euros), Pierre Vacances (outperform, from 2.30 to 2.67 euros) and sets a new target at 32.59 euros on Cenergy.
X-FAB: KBC Securities moves from hold to reduce, but raises the target from 6 to 8 euros.
Invest Securities raises the target for Audacia (buy) from 8.80 to 9 euros, and initiates coverage of Crossject at buy, target 3 euros.
KBC Securities initiates Proximus at buy, target 9.50 euros.
EDP: Citi initiates at buy, target 5.10 euros. Median consensus: 4.80 euros — gap targets / price: +8.6%.
Virtualware: LKS Next sets a target around 6.30 euros on average.